Topic: What is the problem of trust in projects? - page 29. (Read 4214 times)
Actually there are still many problem in ico. Scams are exist. Currently, I saw several projects related to ico management. At present they have some issues I find not reasonable. But, I think in the future they will be more fulfilled so people can be assured of investment.
Eliminate ICO is not the answer, making a regulation is more appropriate solution, some ICO got a good feature and can be potential in the future, 90% of the ICO can be scammed because there are no one supervise it, there are still so many people interested in ICO, because ico is actually a very profitable investment, just need more patience to make profit
Eliminate ICO? Then there would be no additional altcoins in the market if this thing would happen we know this funding is only needed for a particular project to developed or progress even more. ICO investments is one of the things where you can able to generate easy profit depending on how good is the project is and this is why scammers are targeting this field since they do know the interest of investors are high.
Eliminate ICO is not the answer, making a regulation is more appropriate solution, some ICO got a good feature and can be potential in the future, 90% of the ICO can be scammed because there are no one supervise it, there are still so many people interested in ICO, because ico is actually a very profitable investment, just need more patience to make profit
That is true there are lots of ICO project scam and it is very hard to distinguish but banning it isnt a great solution because it still has a great help of crypto world so instead of closing or banning ICO projects they should implement strict rules of accepting projects and segregate those useless projects because the more projects offer the more scam made.So its better there should be strict implementation of accepting ICO project so that everyone will not be scared to be scammed from those fraud projects.
There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.
2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.
3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.
4. there are hundreds of projects in each stock exchange. Someone stop them.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.
2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.
3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.
4. there are hundreds of projects in each stock exchange. Someone stop them.
I understand your sentiments but you are generalizing all the ICO's even the legit one. Not all ICO's are having a traits like that. It's just that there are scammers everywhere. If people afraid then just easily don't put money on them.
There should be no problems like that if only there are no shit team that taking advantages on the hype of ICO's. Back then, there are only few ICO's on which most of them and legit and now having a good price today at exchanges.
That's why ICO regulations become more strict. Although others don't want the idea of regulations, no doubt that it will minimize the risks of being scammed.
I have not being involved in any project or being an admin but I still believe in ICOs. Some people have never invested in scam ICOs even with how it is everywhere. As much it is the concern of all investors, governments have also taken it is a serious challenges to reduce scam projects. KYC is an obvious development reduce scam project however I still hear some invest in project have not seen before. Some scam projects are painted in black and white and people still fall victims
There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.
2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.
3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.
4. there are hundreds of projects in each stock exchange. Someone stop them.
I know what you feel towards into those fraud/scam projects that are flooding here on the market which is actually true.There are lots of them and mostly people or investors do fall out to invest which causes for them to lose up money.I know that you would like to remove them but i would tell you crowdfunding would still remain where this is only the way on where legit projects could able to get the support.This is why we should really be keen on selecting with legit ones,even its hard but we should try our best on choosing. 1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.
2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.
3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.
4. there are hundreds of projects in each stock exchange. Someone stop them.
There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.
2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.
3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.
4. there are hundreds of projects in each stock exchange. Someone stop them.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.
2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.
3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.
4. there are hundreds of projects in each stock exchange. Someone stop them.
It is impossible to remove ICO because it is already been established and as long as there is a smart contract then it will just becoming more rampant. ICO was created to give the community to be more developed and sadly we can't deny the fact that some were abusing the system. So, this is why we have to be more vigilant and always do deep research before investing. We have the right tools to do the research and so we should make use of it in order for us not to fall into a trap.
There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.
2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.
3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.
4. there are hundreds of projects in each stock exchange. Someone stop them.
Maybe your right they need to remove some ICO because not all ICO is bad project some of them have good intention and have a good project that have a potential in the future. We need to admit some project in the cup is big help in crypto industry. 1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.
2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.
3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.
4. there are hundreds of projects in each stock exchange. Someone stop them.
There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.
2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.
3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.
4. there are hundreds of projects in each stock exchange. Someone stop them.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.
2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.
3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.
4. there are hundreds of projects in each stock exchange. Someone stop them.
I do not understand what you're talking about, you ask for the ICO to stop or be banned, but why do you still support it? You are using a signature for one of the ICO projects that are running a campaign and you support it by participating in that signature campaign, that means you support the ICO project. Are you joking to ask people to ban and destroy ICO, even you still support it? LOL
Yes, for the first time I joined the signing campaign. But is it only important in the advertising ico process? I lost money on a project. and I said my thoughts. Being a legendary here does not show that you are right in everything.
It's reasonable since bitcoin source code are public so everyone can "copy" bitcoin works into something different or even compete bitcoin existense.
We as investor must more carefully choose the correct ICO before something bad happen !
We as investor must more carefully choose the correct ICO before something bad happen !
Thats true, people were now afraid for joing bounty campaigns because they were having trust ossues since scams and frauds were being practice by the people behind those projects, as one of the people who works hard here, I am very frustrated whenever I will heard that this campaign is a scam, and what should I do, I cannot slap that people in the dact cause this forum itself promotes anonymity, I think this should be stop by now, cause we dont know how long it will takes if we will let this people fool us.
many people have already posted interesting things in this thread, I'm just going to add some things, well there are times that people behind ICO do not run away with investor money, but those same people who are behind ICO can not deliver what they promised to investors, spend months and years and nothing, the project does not walk. In the last months months I have seen some things that shocked me, the truth is that many people who are in the world of crypto and who create coins can not fulfill what they promise and this because to face the challenges of the real world is very difficult and will make it more difficult when governments impose regulation.
I think the problem is not only about ICOs, ICO scammers have no fear, they can create a company and run away after raising money in ico, why that is so easy is because of that people invest in ICOs very easily.
There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.
2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.
3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.
4. there are hundreds of projects in each stock exchange. Someone stop them.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.
2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.
3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.
4. there are hundreds of projects in each stock exchange. Someone stop them.
I do not understand what you're talking about, you ask for the ICO to stop or be banned, but why do you still support it? You are using a signature for one of the ICO projects that are running a campaign and you support it by participating in that signature campaign, that means you support the ICO project. Are you joking to ask people to ban and destroy ICO, even you still support it? LOL
You can't outright ban something because some people use it to scam , this way you could ban a lot of things. In the first place people need to be way more careful where they invest their money , and even if you did that you can get burned. That is also part of the risk of investing in crypto.
It's not all about removing ICOs, the purpose of ICOs project is to solve problems using the blockchain technology. It's just a big shame that most developers use it as a means to scam serious investors. The best thing to do to prevent scam project is to put regulations that will stipulate how an ICO project is to be conducted and if possible every developer should pass through a proper scurtiny before they can set up a project.
I think it is not relaistic nor possible to close down all the ICO projects, because most of them use the decentralized platform of Ethereum and its blockchain network to create their ERC20 tokens. Its better to teach people more how to protect themselves from investing with the untrusted projects, and how to choose carefully the best promising and legal projects before investing.
If only people read before they spend... I've checked out a lot of ICOs and most of them were nothing but a token, template made website and nothing solid in the whitepaper. I have no idea why anyone would waste his money on something like that.
You can not remove ICO even if you want to, as it's a decentralized system for fundraising, you can't really prevent people from opening smart contracts on the ethereum's blockchain.
I do think that ICO is very risky for the cryptocurrency community as it usually make innocent people that are not familiar with the risks that are involved in ICO investments , and sometimes make them fall for scams and then they think that the whole cryptocurrency market is based on scams which is obviously not true.
I do think that ICO is very risky for the cryptocurrency community as it usually make innocent people that are not familiar with the risks that are involved in ICO investments , and sometimes make them fall for scams and then they think that the whole cryptocurrency market is based on scams which is obviously not true.
Well having said that. people nowadays does have a futuristic imagination of being scam however if we politely express these thought of banning the ICO project running or still planning we're not giving those people who want to be successful in life we're no different of being scammer ourselves because we scam someone opportunity to devote her/his life expertise into something grateful never been done to themselves ever, (as of why) I never remember mentioned that some of these ICO changes life of others truly dramatic we see each ICO have their own role to fill to somewhat solve a problem better than other solution before these ICO introduce.
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